Varo Yan 2,984 Posted July 30, 2018 Share Posted July 30, 2018 Variety: Vivendi is planning to sell up to 50% of Universal Music Group, the company said Monday. The French media giant said it would sell half of UMG, whose artists include Lady Gaga and Drake, to “one or more strategic partners, in order to extract the highest value” from the subsidiary. “An IPO was ruled out due to its complexity,” Vivendi said. In April, Vivendi valued UMG at $22 billion. The sale process will likely start this fall and could be completed within the next 18 months. Vivendi will be working with banks to help identify strategic partners and will set up a “floor price for the entry of partners into UMG’s share capital,” the company in a statement accompanying the release of its half-yearly results. MORE HERE: Spoiler https://variety.com/2018/music/news/vivendi-universal-music-group-sale-lady-gaga-drake-1202889707/ What you think? Link to post Share on other sites More sharing options...
MaryJaneHolland 77,348 Posted July 30, 2018 Share Posted July 30, 2018 Will that affect Gaga somehow or not? Link to post Share on other sites More sharing options...
weed 74,387 Posted July 30, 2018 Share Posted July 30, 2018 Considering Drake is part of it and he's breaking every streaming record possible + 3 #1 songs from one album so far this year, I'd think if at all this would help the artists and this is positive for Gaga Link to post Share on other sites More sharing options...
LetsGetHigh 52,683 Posted July 30, 2018 Share Posted July 30, 2018 And in English please? 💀 I don't understand what this means for Gaga. Link to post Share on other sites More sharing options...
RAMROD 110,148 Posted July 30, 2018 Share Posted July 30, 2018 Y'all done ruined music business, Spotify streamers and illegal downloaders. NO more music for all now (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ What it meant to be content with you (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
xoxo Craig 55,649 Posted July 30, 2018 Share Posted July 30, 2018 What does this mean exactly? End Racism Now Link to post Share on other sites More sharing options...
Mus 7,883 Posted July 30, 2018 Share Posted July 30, 2018 4 minutes ago, Craig Barnes said: What does this mean exactly? Money (Honey) (I think, since they are selling it ) What’s in a reverse-warholian expedition? Link to post Share on other sites More sharing options...
xoxo Craig 55,649 Posted July 30, 2018 Share Posted July 30, 2018 5 minutes ago, Mustang said: Money (Honey) (I think, since they are selling it ) Yeah but are they selling Gaga off? I'm so confused End Racism Now Link to post Share on other sites More sharing options...
Silvestro Devacelli 1,846 Posted July 30, 2018 Share Posted July 30, 2018 wtf is vivendi Link to post Share on other sites More sharing options...
Mus 7,883 Posted July 30, 2018 Share Posted July 30, 2018 3 minutes ago, Craig Barnes said: Yeah but are they selling Gaga off? I'm so confused Noo, just a part of the UMG (Universal Music Group), which she’s part of, along with other artists What’s in a reverse-warholian expedition? Link to post Share on other sites More sharing options...
MaryJaneHolland 77,348 Posted July 30, 2018 Share Posted July 30, 2018 1 minute ago, Mustang said: Noo, just a part of the UMG (Universal Music Group), which she’s part of, along with other artists And will that affect her somehow? Link to post Share on other sites More sharing options...
GypsyBabe 22,836 Posted July 30, 2018 Share Posted July 30, 2018 What does this mean/how does this hurt or benefit Gaga? ⚯͛ Link to post Share on other sites More sharing options...
Silvestro Devacelli 1,846 Posted July 30, 2018 Share Posted July 30, 2018 4 minutes ago, Mustang said: Noo, just a part of the UMG (Universal Music Group), which she’s part of, along with other artists selling to who ? Link to post Share on other sites More sharing options...
Mus 7,883 Posted July 30, 2018 Share Posted July 30, 2018 2 minutes ago, MaryJaneHolland said: And will that affect her somehow? Idk tbh I think nothing will change What’s in a reverse-warholian expedition? Link to post Share on other sites More sharing options...
Mus 7,883 Posted July 30, 2018 Share Posted July 30, 2018 Just now, Silvestro Devacelli said: selling to who ? To me I don’t know sorry What’s in a reverse-warholian expedition? Link to post Share on other sites More sharing options...
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